Can I retire at age 60 with 1,150,000?

Use the below retirement simulation to view the chances of a successful retirement.
Confused? Try the simple retirement calculator
About Your Retirement ?
Current Age
Retirement Age
Current Savings $
Annual Deposits $
Annual Withdrawals $
Stock market crash:
Portfolio ?
% in Stocks:
% in Bonds:
% in Cash:
Modify Stock Returns:
0%
Modify Bond Returns:
0%
Modify Cash Returns:
0%
Modify Inflation:
0%
How much money do I need to retire?

This retirement calculator runs simulations based on past data from the S&P 500, 10 Year Treasury Bond, 3 month T-Bill, and US inflation. For each year of each simulation, a random return and inflation amount is chosen.

How to use: Enter your current age and the age when you retire. Then enter your current savings, the amount that you can save annually before you retire, and the amount that you plan to withdraw after retirement. Your annual deposits and withdrawals take inflation into account. For example, if you need $50,000 to live on in retirement using today's dollars, we will automatically take into account the cost of living for your retirement years. The same is true for your annual deposits. Next, decide if you'd like to simulate a stock market crash.

In the portfolio section, choose the makeup of your portfolio with stocks, bonds, and cash. Cash assumes that your money is stored in a savings account. You can then alter the future returns and inflation. For example, if the market has historically returned about 10%, but you think the future will be worse, modify the stock returns by -3%, and the future returns will average out to 7%. Investment fees can also lower stock market returns. Many index funds and ETFs offer extremely low fees and expenses.

Many people receive income in retirement, such as social security, pension plans, part time jobs, annuities, and other benefits. This would allow you to take out smaller distributions every year. Please note that taxes must also be considered, but are not used in this simulation. A 401k, Roth IRA, and Traditional IRA are taxed differently than a standard investment account, as are dividends.

Note: This assumes that the future is at least somewhat like the past. In reality, anything could happen. The Soviet Union collapsed, Japan's Nikkei Index is still well below its 1989 peak. Numerous other markets have changed drastically and never recovered. However, this online tool is helpful in retirement planning and estimating how much you might need for retirement, especially those hoping to retire early. We recommend receiving advice from a financial planner.

Want to retire with $1,150,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.4%
1 years$94,966$94,120$93,295$92,489$91,703$89,668
2 years$47,013$46,137$45,289$44,466$43,668$41,629
3 years$31,031$30,151$29,305$28,490$27,705$25,724
4 years$23,041$22,164$21,326$20,525$19,759$17,853
5 years$18,248$17,377$16,550$15,765$15,021$13,194
6 years$15,055$14,190$13,375$12,608$11,885$10,140
7 years$12,774$11,916$11,115$10,365$9,666$8,003
8 years$11,064$10,215$9,426$8,695$8,019$6,437
9 years$9,735$8,894$8,119$7,407$6,753$5,251
10 years$8,673$7,839$7,078$6,384$5,754$4,331
11 years$7,804$6,979$6,231$5,556$4,949$3,602
12 years$7,081$6,264$5,530$4,874$4,288$3,016
13 years$6,469$5,661$4,941$4,303$3,739$2,540
14 years$5,945$5,145$4,439$3,820$3,278$2,148
15 years$5,491$4,700$4,008$3,406$2,886$1,824
16 years$5,095$4,313$3,634$3,050$2,551$1,553
17 years$4,745$3,972$3,307$2,740$2,262$1,326
18 years$4,435$3,670$3,019$2,470$2,011$1,134
19 years$4,158$3,401$2,763$2,232$1,792$972
20 years$3,908$3,161$2,536$2,021$1,601$835
21 years$3,683$2,944$2,333$1,834$1,433$718
22 years$3,479$2,748$2,150$1,668$1,284$617
23 years$3,292$2,570$1,985$1,519$1,153$532
24 years$3,122$2,408$1,836$1,385$1,036$459
25 years$2,965$2,260$1,700$1,265$932$396
26 years$2,820$2,124$1,577$1,157$840$342
27 years$2,687$1,999$1,464$1,059$757$295
28 years$2,563$1,884$1,361$970$683$255
29 years$2,448$1,777$1,267$890$617$220
30 years$2,341$1,678$1,180$816$557$191
31 years$2,241$1,586$1,100$750$504$165
32 years$2,147$1,501$1,026$689$456$143
33 years$2,059$1,422$958$634$413$123
34 years$1,977$1,347$895$583$374$107
35 years$1,900$1,278$837$537$338$92
36 years$1,826$1,213$783$494$307$80
37 years$1,758$1,152$733$455$278$69
38 years$1,692$1,095$686$420$252$60
39 years$1,631$1,041$643$387$228$52
40 years$1,572$990$603$357$207$45
41 years$1,517$943$565$329$188$39
42 years$1,464$898$530$304$171$34
43 years$1,414$856$498$281$155$29
44 years$1,366$816$467$259$141$25
45 years$1,321$778$439$239$128$22
46 years$1,278$742$412$221$116$19
47 years$1,236$708$387$204$105$16
48 years$1,197$676$364$189$96$14
49 years$1,159$645$342$174$87$12
50 years$1,123$617$321$161$79$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $1,150,000, adding $6,268 every year, while hoping to spend $39,235 every year in retirement. These numbers increase with inflation.
Reality usually performs much different than the expected returns. This uses historical averages, but anything can happen. In general, riskier investments have greater returns on average, but more volatility in the short term.
Age Total: 100% Stocks Total: 100% Bonds Total: 100% Cash Total: 62/8/30 Blend
59$1,150,000$1,150,000$1,150,000$1,150,000
60$1,273,765$1,212,815$1,194,990$1,342,075
61$1,361,944$1,230,498$1,193,277$1,406,997
62$1,457,801$1,247,731$1,190,191$1,473,081
63$1,562,080$1,264,453$1,185,645$1,544,427
64$1,675,596$1,280,595$1,179,548$1,621,558
65$1,799,247$1,296,085$1,171,803$1,705,052
66$1,934,022$1,310,845$1,162,311$1,795,546
67$2,081,009$1,324,792$1,150,964$1,893,744
68$2,241,404$1,337,839$1,137,654$2,000,423
69$2,416,526$1,349,892$1,122,264$2,116,439
70$2,607,824$1,360,850$1,104,673$2,242,737
71$2,816,897$1,370,606$1,084,754$2,380,361
72$3,045,502$1,379,048$1,062,375$2,530,462
73$3,295,576$1,386,053$1,037,397$2,694,308
74$3,569,249$1,391,494$1,009,674$2,873,301
75$3,868,868$1,395,233$979,054$3,068,985
76$4,197,019$1,397,126$945,378$3,283,065
77$4,556,547$1,397,017$908,481$3,517,421
78$4,950,587$1,394,744$868,187$3,774,128
79$5,382,592$1,390,130$824,316$4,055,474
80$5,856,362$1,382,993$776,677$4,363,981
81$6,376,087$1,373,136$725,072$4,702,433
82$6,946,379$1,360,350$669,292$5,073,900
83$7,572,318$1,344,416$609,122$5,481,769
84$8,259,501$1,325,099$544,335$5,929,772
85$9,014,093$1,302,152$474,693$6,422,029
86$9,842,886$1,275,313$399,950$6,963,081
87$10,753,360$1,244,303$319,849$7,557,936
88$11,753,758$1,208,828$234,118$8,212,117
89$12,853,158$1,168,578$142,478$8,931,715
90$14,061,563$1,123,221$44,634$9,723,445
91$15,389,993$1,072,409$0$10,594,711
92$16,850,588$1,015,773$0$11,572,817
93$18,456,725$952,923$0$12,664,119
94$20,223,140$883,446$0$13,864,348
95$22,166,070$806,904$0$15,184,560
96$24,303,404$722,838$0$16,636,939
97$26,654,853$630,759$0$18,234,909
98$29,242,134$530,151$0$19,993,264
99$32,089,174$420,471$0$21,928,307
100$35,222,340$301,144$0$24,058,002